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Full trade & compliance profile

Philippines — Trade & Compliance

Philippines's trade profile consolidates its merchandise flow from CEPII BACI, the preferential agreements it has entered from the World Bank, the international cargo conventions it has ratified from the UN Treaty Collection, and its applied tariff, VAT and currency of record from the World Bank, the EU and ISO 4217.

Every figure is shown as its named source records it and dated where the source dates it; trade partners and product codes link to their own pages where logibook profiles them.

6
trade agreements
7
cargo treaties
6.15%
MFN applied tariff

Memberships & standing

Income groupLower middle income
DatabookThe Record of Consolidated Knowledge
Philippines beyond logistics?
Browse databook

Trade Flow

Top export markets
  1. 1China17.8%
  2. 2USA14.8%
  3. 3China, Hong Kong SAR12.0%
  4. 4Japan10.3%
  5. 5Rep. of Korea4.6%
CEPII BACI · 2024
Top import sources
  1. 1China27.8%
  2. 2Indonesia8.2%
  3. 3Japan7.4%
  4. 4Rep. of Korea7.2%
  5. 5USA6.3%
CEPII BACI · 2024
Leading export goods (HS2)
  1. 1Electrical machinery48.4%
  2. 2Machinery & mechanical appliances14.7%
  3. 3Pearls, precious stones & metals4.2%
  4. 4Ores, slag, ash3.5%
  5. 5Optical/medical instruments3.2%
CEPII BACI · 2024
Leading import goods (HS2)
  1. 1Electrical machinery19.8%
  2. 2Mineral fuels & oils13.9%
  3. 3Machinery & mechanical appliances8.6%
  4. 4Vehicles7.3%
  5. 5Plastics3.6%
CEPII BACI · 2024
Fastest-rising export markets
  1. 1Taiwan+2.56pp
  2. 2Japan+1.59pp
  3. 3USA+1.02pp
CEPII BACI · 2024
Declining export markets
  1. 1United Kingdom−2.81pp
  2. 2Singapore−2.69pp
  3. 3Switzerland−1.49pp
CEPII BACI · 2024
Fastest-rising export goods
  1. 1Machinery & mechanical appliances+2.43pp
  2. 2Ores, slag, ash+0.59pp
  3. 3Mineral fuels & oils+0.57pp
CEPII BACI · 2024
Declining export goods
  1. 1Pearls, precious stones & metals−3.81pp
  2. 2Electrical machinery−3.38pp
  3. 3Wood−0.63pp
CEPII BACI · 2024

Showing the leading partners and product groups by trade share; the full bilateral flow matrix is inCEPII BACI · 2024

Preferential Trade Agreements

RCEP (Regional Comprehensive Economic Partnership) Agreement2022
FTA & EIAGoods & Services
EFTA - Philippines2018
FTA & EIAGoods & Services
ASEAN Free Trade Area (AFTA)2010
FTA & EIAGoods & Services
Japan - Philippines2008
FTA & EIAGoods & Services
Global System of Trade Preferences among Developing Countries (GSTP)1989
PSAGoods
Protocol on Trade Negotiations (PTN)1973
PSAGoods
World Bank DTA · 6 trade agreements in force

International Cargo Treaties

  • Convention on the International Maritime Organization. Geneva, 6 March 1948
    Party · 1964176 ratifications
  • Agreement relating to the implementation of Part XI of the United Nations Convention on the Law of the Sea of 10 December 1982. New York, 28 July 1994
    Party · 1994171 ratifications
  • Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction. New York, 19 June 2023
    Party · 2025148 ratifications
  • Agreement for the Implementation of the Provisions of the United Nations Convention on the Law of the Sea of 10 December 1982 relating to the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks. New York, 4 August 1995
    Party · 2014107 ratifications
  • Customs Convention on the Temporary Importation of Private Road Vehicles. New York, 4 June 1954
    Party · 196090 ratifications
  • Convention concerning Customs Facilities for Touring. New York, 4 June 1954
    Party · 196087 ratifications
  • Additional Protocol to the Convention concerning Customs Facilities for Touring, relating to the Importation of Tourist Publicity Documents and Material. New York, 4 June 1954
    Party · 196080 ratifications
UN Treaty Collection · 7 ratified

Fiscal & Tariffs

Currency
PHP
Philippine Peso
ISO numeric 6082 minor units
ISO 4217
MFN applied tariff
6.15%
simple average (2022)
World Bank WDI

Sanctions & restrictive measures

On the UN list
2
UN Security Council Consolidated List
On the EU list
15
EU Consolidated Sanctions List
Listed entities includeABU SAYYAF GROUPRAJAH SOLAIMAN MOVEMENTKipli SaliYunos Umpara Moklis

17 entities on UN/EU restrictive-measures listsfull lists: UN Security Council Consolidated List · 2026-04 · EU Consolidated Sanctions List

Key commodities

Top agricultural output
Rice
19.1M t
FAOSTAT · 2024
Top mineral output
coal
16.5M tonnes (metric)
BGS · 2023
Energy production
Primary energy production
U.S. EIA

Top item per category of 114 commodities trackedfull lists: FAOSTAT · 2026-05 · British Geological Survey · U.S. EIA

All Sources

TradeCountry Trade Facts (CEPII BACI)
etalab-2.0
TradeWorld Bank Deep Trade Agreements (DTA)
cc-by-4.0
Sanctions & complianceUN Treaty Collection — Multilateral Treaties Deposited (MTDSG)
open
fiscalWorld Bank – World Development Indicators (WDI)
cc-by-4.0
fiscalISO 4217 Currency Codes
open
commoditythe British Geological Surveythe British Geological Survey
OGL
Referencelogibook trade-bloc referencelogibook trade-bloc reference
Compiled (public facts)
commoditythe U.S. Energy Information Administrationthe U.S. Energy Information Administration
Public domain (US gov)
commodityFAOSTATFAOSTAT
CC BY 4.0 IGO
Referenceinternational organisation membership recordsinternational organisation membership records
Public (official lists)
Sanctions & compliancethe UN Security Council Consolidated Listthe UN Security Council Consolidated List
UN — open
Sanctions & compliancethe EU Consolidated Sanctions Listthe EU Consolidated Sanctions List
© EU — free reuse
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